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  • Opinions - Not Facts

    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

    • « Swing Trade Idea | Home | Intraday Theme of the Day: The Yen gets Killed especially by Commodity Currencies! »

    Swing Trade Idea produces 100+ pips!

    By Sean Hyman | March 31, 2009

    In times like this, when the swing trade works out so well, so fast….you may want to take part of your trade off of the table by closing 1/2 of your lots and moving your stop to breakeven. If you’re happy with the 115-125 pip gains thus far, then you could pull the trade off entirely. If you were long EUR/USD, you also collected a few pennies on your dresser to boot. 

    These pairs continue to rally, but are overbought in the very short term.  

     

    Sean Hyman 

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    Topics: What To Look At In The Market |

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